Neuberger Berman High Yield Strategies Fund Announces Leverage Refinancing
Neuberger Berman Management LLC. Investor Information, (877) 461-1899
NEW YORK, NY, September 18, 2013 - Neuberger Berman High Yield Strategies Fund Inc. (NYSE MKT: NHS) (the “Fund”) announced today that it has successfully refinanced its leverage by completing a private placement of $90,000,000 of Floating Rate Senior Notes (the “Notes”) and $35,000,000 of Mandatory Redeemable Preferred Shares (the “Preferred Shares”) with a major unaffiliated financial institution. The Notes and Preferred Shares pay interest and dividends, respectively, based on a floating rate and have terms of ten years.